"Our approach remains consistent as we try to bring in young talent, create
future opportunity with draft picks as potential assets and maintain
flexibility," Cavaliers general manager Chris Grant said. "Jeremy adds depth
to our backcourt. He is a young, aggressive, athletic guard who we feel fits
well with our style of play, both defensively and offensively. We look forward
to welcoming him to Cleveland."

Pargo, 26, played in 44 games (five starts) with Memphis last season, and
averaged 2.9 points and 1.3 assists. It was his first season in the NBA.

Kennedy appeared in two games for the Cavs last season and averaged 6.0
points, 3.5 rebounds and 1.5 assists.